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MySpace to announce new tech initiative

News Corp.-owned social network MySpace is today going to announce a major new technology initiative.

Having unveiled separate music and video distribution deals in April, it's unclear as to what MySpace could possibly have in store for us this time.

What is clear though, is the recent news that Murdoch is expecting his Website to miss its revenue growth forecast by about 10%.

According to the Guardian, advertisers are still undecided about the commercial value of online friend-making.

So maybe News Corp.'s new technology initiative revolves around cattle-prods being administered to advertising executives whenever they decide to put their wallets away.

Whatever MySpace has to say, you can be sure to read about it on Total Telecom.
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